Market Infrastructure

Ant Group In Talks to Share Credit Data with SOEs

28/06/2021

The plan may resolve the PBOC’s long-standing concerns about a lack of visibility into the country’s consumer debt market.

AML / KYC

Australia: Senate Committee Calls for Submissions in AML Inquiry

27/06/2021

The inquiry will explore the adequacy and efficacy of Australia’s AML/CTF regime. The terms of reference have been published.

Enforcement

105 More Charges Laid Against Hin Leong Founder

27/06/2021

Lim Oon Kuin now faces a total of 130 charges, including 68 for cheating, 47 for abetment of forgery, and 14 for abetment for forgery for the purpose of cheating.

Market Infrastructure

MAS Extends Financial Sector Training Support Measures

27/06/2021

The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.

CBIRC Issues New Qualification Rules for Insurance Executives

27/06/2021

Insurers need to seek approval from the CBIRC on the qualifications of directors, supervisors and senior managers starting 1 July.

Market Infrastructure

FCA Consults on Intention to Compel Publication of Synthetic LIBOR

25/06/2021

The FCA intends to compel publication of synthetic versions of GBP and JPY LIBOR, using forward-looking term version of RFRs.

HKMA, SFC Finalise Latest Changes to FSP List

25/06/2021

A unit of Toronto-Dominion Bank will be included on the FSP list. An entity that has merged with Deutsche Bank will be removed.

Big Picture

ASIFMA Calls for Harmonised Approach to Regulating AI

25/06/2021

Regulators should leverage existing frameworks that largely already address and mitigate the key risks associated with the increased use of AI.

Enforcement

SFC Fines Deutsche Securities Asia Over Prime Brokerage Statements

25/06/2021

A system design caused a failure to distinguish between ex-entitlement dates and settlement dates of bonus share events in periodic statements.